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....Leaving the European Union without a deal in place would not spell disaster for the UK economy, according to a free market thinktank advocating trade with the rest of the world over a “hamstrung” deal with Brussels. Despite repeated warnings that leaving without an agreement would hurt British companies and consumers, the report from the Institute of Economic Affairs, published on Friday, says the UK could remove all import barriers to achieve lower prices for consumers, increased productivity and higher wages. ...
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....Leaving the European Union without a deal in place would not spell disaster for the UK economy, according to a free market thinktank advocating trade with the rest of the world over a “hamstrung” deal with Brussels. Despite repeated warnings that leaving without an agreement would hurt British companies and consumers, the report from the Institute of Economic Affairs, published on Friday, says the UK could remove all import barriers to achieve lower prices for consumers, increased productivity and higher wages. ...

....6 billion treating smoking-related illnesses, while the Government spends a further £1 billion collecting cigarette butts and extinguishing house fires started by smokers. However, this is dwarfed by the income the state generates from smokers according to the Institute of Economic Affairs (IEA). ...

.... But the most ardent neoliberals have noticed. “Free marketeers have been gobsmacked,” says Mark Littlewood, director of the Institute of Economic Affairs, which has supplied British politicians with pro-capitalist arguments for 62 years. ...

....Fairtrade is in real danger but it has come under fierce attack many times. Free-market thinktanks including the Institute of Economic Affairs, claim it is a barrier to free trade, which they say has led to many millions of people emerging from poverty. ...

....The party said extending the way shares were taxed and closing a loophole would bring in up to £26bn in the next Parliament, if it won the election. Labour's financial transaction tax plans were attacked by the Institute of Economic Affairs, which described them as "another example of the fallacy that corporations can be tapped for cash with no wider costs". ...

....Born in East Sussex to a wealthy family, the 49-year-old has a Conservative pedigree. Her grandfather, Antony Fisher, made his fortune importing intensive chicken farming from the US to the UK; he used his millions to help set up right-leaning thinktanks and lobby groups, such as the Institute of Economic Affairs (IEA) and the Adam Smith Institute. ...

....In London the situation is even more bleak, with the Family and Childcare Trust putting the cost of a part-time nursery place at more than £7,500. The Institute of Economic Affairs, meanwhile, says many families spend a third of their net income on childcare. ...

...."This undermines the government's own mission for the UK to be the best place to start and grow a business, and it drives up the cost of doing business," said its chairman, Mike Cherry. Mark Littlewood, of the Institute of Economic Affairs, said the chancellor "defused one bomb" by providing relief for business rate rises: "But he has definitely exploded another bomb with this rise in NICs [National Insurance Contributions] for the self-employed. ...

....Some observers see the debate around alcohol packaging as the inevitable consequence of the controls placed on tobacco. “It wouldn’t be possible unless cigarettes hadn’t happened first,” said Christopher Snowdon of the Institute of Economic Affairs thinktank. ...

....”. Mark Littlewood, director general at the Institute of Economic Affairs thinktank, said: “Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise out of poverty in the last year alone. ...

.... Leon Kamhi, head of responsibility at fund managers Hermes, said remuneration committees at individual companies should set out a maximum possible pay for their chief executives. Mark Littlewood, director general at the Institute of Economic Affairs, a free market thinktank, said Corbyn’s ideas had moved from “misguided to simply muddled” and branded the idea for a maximum wage cap to tackle inequality as “dangerous and, for all intents and purposes, a 100% income tax rate”. ...

....Britain must first submit Article 50 to trigger the start of two-year exit negotiations. During this time nothing legal and regulatory will change, says Prof Philip Booth, an academic and research director at the London-based think tank the Institute of Economic Affairs. ...

....5 per cent pledge could come under increasing pressure, especially if wage and price growth remains weak. Ryan Bourne, head of public policy at the Institute of Economic Affairs, says it is “utterly absurd”. ...

.... In Galashiels, the £5m Transport Interchange building opposite the station, which provides space for small businesses, opened as a direct result of the railway’s reinstatement. The Borders Railway reopening cost £353m, and the scheme was roundly criticised by opponents such as the Institute of Economic Affairs – which called it insane, saying that road schemes often had a higher benefit-cost ratio (5:1 or more). ...

....Fears the government could privatise Network Rail have been heightened after a report from an influential thinktank called for its abolition and endorsed closing lines and deregulating fares. The free-market Institute of Economic Affairs said full privatisation of the UK’s railways would improve services and ease the burden on the taxpayer. ...

...." . There is wide support for that view, although Len Shackleton, at the free market Institute of Economic Affairs told us: "Even quite big cuts in domestic energy would not make much of an impression on total energy use. ...

.... Lord Vinson, a Conservative peer since 1985, was a director at the private equity firm Electra until 1998 and has sat on the board of numerous investment trusts. He helped set up the Centre for Policy Studies and is the life president of the free market think-tank the Institute of Economic Affairs. ...

.... . Philip Booth of the Institute of Economic Affairs, writing soon after the 2011 Budget was even more scathing: "Entrepreneurs do not need George Osborne to decide whether they should be involved in 'making' or 'serving' and the government should stop trying to shape the future of Britain's economy. ...

.... Being stuck in traffic isn’t just annoying, it is also a waste of scarce economic resources, damaging productivity and reducing output. An extra two-minute delay to every car journey would cost the economy £16bn a year, according to a study by the Institute of Economic Affairs. ...

.... Today’s framework is far from perfect but those seeking to build businesses in the 40 years from the outbreak of the Second World war had a much tougher time. The Institute of Economic Affairs (IEA) reminds us of the nihilistic regime imposed in 1947-48 by the Labour government: a “special contribution” was required on incomes of more than £2,000 a year, with a 50pc tax slapped on investment income above £5,000. ...

.... My favourite monetary policy rule, which is a form of nominal GDP targeting, is called the productivity norm. It was recently repopularised by George Selgin in research published by the Institute of Economic Affairs. ...

.... The IEA's report on policy blunders. The Institute of Economic Affairs, the free market think-tank, has picked its 13 (least) favourite public policy blunders in a report by Peter Clarke and Robert CB Miller. ...

.... . The Institute of Economic Affairs (IEA) said the Labour leader's push to renationalise the railways, increase government spending and raise a raft of taxes risked "repeating the mistakes of the last century" and destroying Britain's recovery. ...

....He said it was noticeable that the rise in zero-hours contracts coincided with a jump in the number of people working part-time because they could not find a permanent job. The Institute of Economic Affairs, a free market thinktank, said the rise of zero-hours contracts was “neither surprising nor important” and illustrated “the flexible nature of the UK’s labour market”. ...

....Network RailThe government would love to be shot of Network Rail, with its poor record in recent times, including recurring problems at London Bridge. But, with the company’s near-£40bn debt mountain and uncertain future financing needs, an outright privatisation plan as favoured by the Institute of Economic Affairs may well be too difficult to achieve. ...

.... . As Mikko Arevuo of the Institute of Economic Affairs points out, the evidence is now truly building that top talent behaves a lot like capital: it is mobile and footlose, and goes where the returns are highest. ...

....But the idea that ISDS is subverting democracy in favour of wicked corporations is a conspiracy theory, argues the European Policy Information Center, which – unforgivably – is already spelling “centre” the American way. Epicenter (as this group is acronymically known) is made up of groups, such as the UK’s Institute of Economic Affairs, that are in favour of TTIP. ...

....But the idea that ISDS is subverting democracy in favour of wicked corporations is a conspiracy theory, argues the European Policy Information Center, which – unforgivably – is already spelling “centre” the American way. Epicenter (as this group is acronymically known) is made up of groups, such as the UK’s Institute of Economic Affairs, that are in favour of TTIP. ...

....1bn in the year they were introduced by Gordon Brown to £30bn, and any chancellor ought to question the use of the state to subsidise poverty wages on this scale. Interestingly, the strongest opposition to the plan came from the free market thinktanks: the Adam Smith Institute and the Institute of Economic Affairs. ...

.... . They should read Scandinavian unexceptionalism: Culture, Markets and the Failure of Third-Way Socialism, a brilliant new book by Nima Sanandaji, a Swedish author, published by the Institute of Economic Affairs. ...

.... For every three pounds spent by customers, one pound goes straight into the Government’s coffers, says the BBPA. It has also had to contend with changing social trends: consumption of alcohol has declined by 18pc since 2004, according to data from the Institute of Economic Affairs. ...

.... Extracted from Change, or go, published by Business for Britain. The editorial board: Jon Moynihan (Chairman); Andrew Allum of LEK Consulting; Matthew Elliott of Business for Britain; Luke Johnson Risk Capital Partners; Mark Littlewood of the Institute of Economic Affairs; John Mills of JML Ltd; Helena Morrissey of Newton; and Viscount Ridley. ...

.... Extracted from “Change, or go”, published by Business for Britain. The editorial board: Jon Moynihan (chairman); Andrew Allum of LEK Consulting; Matthew Elliott of Business for Britain; Luke Johnson Risk Capital Partners; Mark Littlewood of the Institute of Economic Affairs; John Mills of JML Ltd; Helena Morrissey of Newton; and Viscount Ridley. ...

.... Extracted from Change, or go, published by Business for Britain. The editorial board: Jon Moynihan (Chairman); Andrew Allum of LEK Consulting; Matthew Elliott of Business for Britain; Luke Johnson Risk Capital Partners; Mark Littlewood of the Institute of Economic Affairs; John Mills of JML Ltd; Helena Morrissey of Newton; and Viscount Ridley. ...

.... . On another level, arguing that Lady Thatcher deregulated financial services misunderstands the Thatcher period, as is explained in Thatcher: the myth of deregulation published by the Institute of Economic Affairs on Monday. ...

.... . In a recent pamphlet, What Are We afraid Of, Kristian Niemietz of the Institute of Economic Affairs, a free-market think tank, observed that though virtually all other areas of public policy now draw from international best practice, health care funding seems almost immune to benchmarking – so much so that universal coverage is still widely celebrated as if some kind of unique British achievement. ...

.... Other studies suggest Britain could be better off outside the EU if it forged free trade agreements with emerging markets such as China and India. A report backed by the Institute of Economic Affairs (IEA) showed the economic benefit to Britain would be £16. ...

.... . As a brilliant pamphlet from the Institute of Economic Affairs reminds us, when the ancient Romans debased their currency, their remedy was the same followed by all economically illiterate governments throughout history: they imposed price controls to address the manifestations, rather than the root causes, of the problem. ...

.... . The Institute of Economic Affairs applauded the clarity on spending but warned “ the array of fiddly and populist measures is likely to dampen the benefits to be had from demonstrating fiscal responsibility”. ...

.... . "All of the evidence suggests that when you transfer the housing stock away from state ownership and into the hands of individual citizens, they feel a greater stake in society," said Mark Littlewood, director general at the Institute of Economic Affairs. ...

.... Experts also attacked Mr Miliband for not being tough enough on borrowing. "With an annual deficit still running at a staggering £90bn, vague pledges to merely reduce it each year are simply not good enough," said Mark Littlewood, director general of the Institute of Economic Affairs. ...

.... "Funding giveaways through price caps, fare freezes, levies and wealth taxes . smacks of the politics of envy and is liable to reduce competition and investment in the UK," said Mark Littlewood, director general at the Institute of Economic Affairs. ...

.... . In response to The IoS report, Richard Wellings, the head of transport at the Institute of Economic Affairs, tweeted (“in a personal capacity” in social media parlance): “Osborne wheels out ill-conceived HS3 plan as pre-election gimmick to win northern votes. ...

....But, he added, it was "disappointing" that ministers had chosen to increase the apprentice rate by more than suggested, saying he was worried by the "politicisation" of the commission. And free-market think tank, the Institute of Economic Affairs, said the Low Pay Commission was straying away from its remit and being used "as a vehicle to reduce inequality". ...

.... . It has also had to contend with changing social trends: per capita consumption of alcohol has declined by 18pc since 2004, according to a recent report by think tank The Institute of Economic Affairs (IEA). ...

....Housing charity Shelter said 250,000 new homes were required every year and the scheme was only a "small step" towards meeting that need. But the Institute of Economic Affairs, a free market think tank, said politicians should refrain from micro-managing housing and enforcing "artificial boundaries such as green belt restrictions" forced the cost of housing up. ...

.... . Speaking at the Institute of Economic Affairs in London, she said that keeping rates low could pose risks to the financial system, threaten to generate excessive inflation, and generate asset bubbles. ...

....Critics said the move was clearly aimed at wooing older voters, shown to be more likely to vote than younger Britons, and would unnecessarily inflate government borrowing costs. "Borrowing more expensively than the government needs to is effectively a direct subsidy to wealthy pensioners from the working-age population," said Mark Littlewood, director general at the free-market Institute of Economic Affairs. ...

....It should be noted that parts of the libertarian right strongly deny the idea that it ever subscribed to trickle-down theory. “There is no record of any serious free-market thinker ever outlining that cutting tax rates on high earners is good because it encourages the rich to spend,” argues Ryan Bourne of the Institute of Economic Affairs think tank. ...

.
Greed is not good and capitalism does not rely on greed – that, at least, is
the argument made with great force in the latest pro-market, pro-free trade
tract from the Institute of Economic Affairs. ...

....
.
As George Selgin reminds us in his masterpiece on the subject - Less Than
Zero: the case for a falling price level in a growing economy, from the
Institute of Economic Affairs - the policy garnered heavy mainstream support
during the 19th century and until the Keynesian revolution of the 1930s. ...

....Others were more hopeful of bitcoin’s long-term prospects, however. Professor Philip Booth, editorial and programme director at the Institute of Economic Affairs, described bitcoin as a “marvellous innovation”. ...

....On the eve of the Autumn Statement last week, the 51-year-old found himself immersed in a worse problem, entirely of his own making. Garnier was secretly recorded telling an Institute of Economic Affairs audience that politicians needed to stop “mucking around with tax rates in order to try and attract a few, sort of dog-end voters in the outlying regions”. ...

....
.
So who and what is killing the British pub? The Institute of Economic Affairs
(IEA) has the answers, and the culprits are not the greedy, supposedly
useless pub companies that so many people love to hate so obsessively. ...

....The tax cut is UK-wide until April when stamp duty is devolved to Scotland. But Mark Littlewood, from the free-market Institute of Economic Affairs think tank, said most of Mr Osborne's announcements were "fiddling at the edges" and that deep cuts should follow. ...

....5 million people
will still be paying income tax at 40 per cent — 900,000 more than do at
present. The Institute of Economic Affairs (IEA), which discovered the
estimate, said that the UK’s income tax system was “not fit for purpose” and
needed to be reformed. ...

....
.
But as Christopher Snowdon from the Institute of Economic Affairs points out
in an excellent analysis, tenants enjoy a PubCo’s economies of scale when it
comes to insurance, fixtures, fittings, televisions or glassware. ...

....
In the long-run, ever-rising demand for many of the services provided by the
welfare state, combined with economic and demographic trends, will put
immense pressure on the public finances. It is this latter issue that the
Institute of Economic Affairs (IEA) addresses in a new report by Philip
Booth and Ryan Bourne, which makes devastating reading. ...